iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Short Interest Down 67.8% in June

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 24,736 shares, a drop of 67.8% from the June 15th total of 76,723 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 477,416 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI Emerging Markets Asia ETF in the fourth quarter valued at approximately $41,000. Private Trust Co. NA lifted its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 226.9% in the 4th quarter. Private Trust Co. NA now owns 742 shares of the company’s stock worth $70,000 after purchasing an additional 515 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in iShares MSCI Emerging Markets Asia ETF by 76.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock valued at $287,000 after purchasing an additional 1,323 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in iShares MSCI Emerging Markets Asia ETF in the 4th quarter valued at $2,196,000. Finally, JPMorgan Chase & Co. grew its position in iShares MSCI Emerging Markets Asia ETF by 5,529.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock valued at $3,430,000 after purchasing an additional 40,810 shares during the period.

iShares MSCI Emerging Markets Asia ETF Stock Performance

Shares of NASDAQ EEMA traded up $1.60 during trading on Tuesday, hitting $113.14. 20,334 shares of the company traded hands, compared to its average volume of 223,849. The business’s fifty day moving average is $115.49 and its 200 day moving average is $105.82. iShares MSCI Emerging Markets Asia ETF has a fifty-two week low of $82.42 and a fifty-two week high of $122.73. The firm has a market capitalization of $871.18 million, a price-to-earnings ratio of 15.31 and a beta of 0.73.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.3388 dividend. The ex-dividend date of this dividend was Monday, June 15th.

iShares MSCI Emerging Markets Asia ETF Company Profile

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.